MoviToken - ICO project overview

In today’s film production climate, budgets are tightening and demands are rising from studios, distributors and moviegoers alike.

In the early 2000s, Hollywood was producing three different classes of films:

1) big-budget blockbusters,

2) art films, specialty films and niche-market films produced by the conglomerate-owned indies and

3) genre and specialty films coming from true indie studios and producers.

The third category comprised over half the features released in the United States and usually cost between $5 and $10 million to produce.

According to the Sundance Institute, the average budget of a dramatic feature film in 2017 was $1 Million, and $400,000 for documentary features.

The reality is that there are less dollars available for everyone, meaning many financially strained members of the industry rarely have a chance to compete for a career — some will never have a career, abandoning the industry after years of no success. Those that are ambitious; the filmmakers, actors, crew — they pursue these dreams on their own dime, financing their own careers through sacrifice and sometimes that means forgoing payment for their services.

MoviToken aims to revolutionize independent film production by placing it on the Ethereum blockchain. There are so many talented and creative voices across the globe who can now have a real chance at a career in the film industry, simply by adopting the use of MoviToken on their projects and accepting MoviToken for their services.

Trading MoviToken (MOVI) strengthens the independent film community by allowing producers to utilize a community currency on projects with limited cash.

How is this done?

• Paying cast and crew with MoviToken.
• Crowdfund with MoviToken only, then trade on exchange.
• Accept MoviToken for your services.
• Utilize MoviToken with investors, keeping accountability on the blockchain.
• Producers can even request payment from distributors in MoviToken, facilitating the freedom to trade on the open market to potentially further maximize profit.

Why use MoviToken?

1. Using MoviToken prevents cash from leaving the community, increasing vitality.
2. MoviToken ensures that the money circulates locally within every film community worldwide, i.e. each city, town, village, etc. that is home to a “film scene”.
3. MoviToken builds trust and support within the indie film community.
4. Utilizing MoviToken promotes creativity and resourcefulness within the community, developing skills and potential.
5. MoviToken is fully inclusive, enabling everyone, regardless of status, to integrate and contribute to the indie film community.

MoviToken Today

MoviToken is currently trading on the following exchanges: idex.market, forkdelta.github.io, ethex.market, erc20.exchange and rektex.github.io Additionally, MoviToken can be bought and sold through easytrade.io

MoviToken symbol: MOVI

MoviToken contract: 0x623B925b0A57a24EA8dE301F2E3E692cE903f0

Roadmap:

MoviToken is a community currency for the independent film community and as such must be easily exchangeable to promote adoption within the community.The following shall not be interpreted as a complete MoviToken roadmap:

• Q2 2018- MoviToken will partner with Bancor for continuous liquidity. This alone can promote trust and use within the indie film community.- The first production studio to adopt the use of MoviToken will be announced.
• Q3 2018- The first feature film to be produced with MoviToken will be announced.- MoviToken will partner with a crowdfunding platform to assist filmmakers with raising funds for their projects.-Production to begin on the first MoviToken funded feature film. (late Q3)
• Q4 2018- By Q4 2018, MoviToken should be listed on more than 1 major exchange and incorporated by several dApps. MoviToken is currently working on becoming listed by Komodo’s BarterDEX and ETHlend’s Lending Platform.
• 2019- Release of the first MoviToken funded feature film.
• 2020–2022- Southern Meridian, LLC will publically release the first of several case studies on the use of MoviToken to produce a motion picture. Data and findings will be provided by an independent research firm. (The exact date is highly dependent upon distribution schedule.)

Securities

Be advised, buying, selling or trading MoviToken does NOT grant one a stake or ownership in Southern Meridian, LLC, the MoviToken project, or films produced with MoviToken, therefore Southern Meridian, LLC is NOT selling securities, shares, stocks, or any other form of “security” as defined by the The Securities and Exchange Act of 1934.

Disclosures

Southern Meridian, LLC, the MoviToken team, and their employees and associates cannot assist any investor, filmmaker, producer, actor or any other individual with the development, production, investment or otherwise make a decision pertaining to any outside film project.

Southern Meridian, LLC is a holdings company and is not involved in film production or market investment/strategy in any capacity. The MoviToken team has developed a community cryptocurrency and oversees that cryptocurrency project. The MoviToken team is not involved in film production in any capacity. The MoviToken team cannot and will not advise on any cryptocurrency investment.

Christopher Compton, creator of the MoviToken project, is an equity partner and CEO of Fifth Floor Pictures, LLC, an independent film production company. He is a writer, director and producer of projects produced within the Fifth Floor Pictures studio system.

Currently, MoviToken (MOVI) is NOT an alternative payment method for union members as specified by Unions such as SAG, DGA, WGA, PGA, IATSE, et al.

Token Distribution

• Total Supply: 1,000,000,000
• Southern Meridian, LLC: 250,000,000
• BA Production Studio: 250,000,000
• Market: 500,000,000

Conclusion

Securing finances to produce a feature film, TV pilot, web series, a profound documentary, an award winning short film, is getting increasingly difficult. MoviToken aims to revolutionize this process, for every filmmaker, by bringing a continuously liquid alternative currency to the table.

MoviToken can enable new faces and names to succeed in a very centralized, closed industry. Where cash is absent, MoviToken can cultivate stronger content, providing distributors and viewers with better, higher quality options, because talented people can finally be granted an opportunity.

Independent filmmakers have been the benefactors of many revolutionizing changes in recent history, with the adoption of HD and Digital filmmaking supplanting film/celluloid as the medium of choice, bring affordable camera gear to the masses. Platforms such as Kickstarter and IndieGoGo have been game changers for independent filmmaking by bringing crowdfunding to the table. Now, MoviToken presents independent filmmakers and aspiring actors and cinematographers the opportunity to produce the content they’ve dreamed of. MoviToken is opportunity.

More information:

• Website: http://movitoken.com/
• Whitepaper: https://img1.wsimg.com/blobby/go/bc2ac489-d696-49a8-9912-376a7c9dab88/downloads/1c9nfcila_247342.pdf
• ANN thread: https://bitcointalk.org/index.php?topic=2680192.0
• Twitter: https://twitter.com/movitoken
• Facebook: https://www.facebook.com/movitoken

Author

my Bitcointalk username — keazetapmy 

profile — https://bitcointalk.org/index.php?action=profile;u=1917744

my ETH wallet — 0xFf512eC972228dA5788e185c168deB962e7c0292